Northwire Canada EditionFriday, November 13, 2026
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Drill Results

Greenridge plans winter 2026 drilling at Hook-Carter

By The Northwire Desk — AI Analysis Dec 18, 2025 · 19:55 GXP · 0.37 Greenridge Exploration Inc
GXP · Price

Executive Summary

  • Greenridge Exploration Inc. announced a winter 2026 drilling program at its Hook-Carter uranium project in the Athabasca Basin, Saskatchewan, in partnership with operator Denison Mines Corp.
  • The program involves up to eight diamond drill holes totaling approximately 4,600 metres, scheduled to begin in January 2026 and complete by March 2026.
  • The drilling targets are based on high-resolution 2025 ground geophysical work and aim to test the northeastern strike extension of the Patterson Lake corridor.

Key Details

  • Drilling Scope: Up to 8 diamond drill holes totaling approximately 4,600 metres.
  • Timeline: Drilling to begin in January 2026 and be completed by the end of March 2026.
  • Permit Status: An exploration permit received in early December 2025 allows for geophysical surveying and up to 40 drill holes, valid until December 31, 2027.
  • Ownership Structure: Greenridge Exploration owns 20% of the Hook-Carter project; Denison Mines Corp. owns 80% and acts as the operator.
  • Technical Basis: 2026 targets were generated by integrating high-resolution 2025 ground geophysical work with past exploration results indicating a potential mineralizing system.
  • Joint Venture History:
    • Denison has spent approximately $7.08 million on exploration from 2016 to 2023 (including ~12,000m of drilling).
    • In May 2024, the JV was amended allowing Greenridge (which acquired ALX Resources in Dec 2024) to increase its stake from 20% to 25% by financing the next $3.0 million of exploration by November 2026.
  • Project Location: Hook-Carter consists of 11 claims covering 25,115 hectares, located ~147 km northeast of La Loche, Sask. It is interpreted to host the northeastern strike extension of the Patterson Lake corridor (PLC).
  • Strategic Context: The project is located ~13 km from NexGen Energy’s Arrow deposit and ~20 km from Paladin Energy’s Triple R deposit. It also overlies the interpreted strike extensions of the Carter and Derksen corridors.

Notable Quotes

  • "We are very pleased that Denison is initiating this program at Hook-Carter, being the first drilling on the project since 2019. During that hiatus, the exploration momentum along the PLC for high-grade uranium has been growing, and Greenridge is eager to see what the 2026 drilling reveals at Hook-Carter." — Russell Starr, CEO of Greenridge
Read the original news release →

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